Kolkata, Feb. 7 -- Pankaj Kalra, CEO, Essar Oil and Gas Exploration and Production Limited, on Friday welcomed RBI's decision to cut the repo rate by 25 basis points, saying it is a move that signals a supportive approach toward sustaining economic growth. "Under the guidance of new Governor Sanjay Malhotra, RBI's decision to cut the repo rate by 25 basis points, is a move that signals a supportive approach toward sustaining economic growth," he added. "This reduction, after nearly five years, will help ease borrowing costs and provide much-needed liquidity to key sectors. For the oil and gas industry, a lower interest rate environment will encourage investment in exploration, infrastructure, and energy transition projects, ensuring a sta...